Jackson Market Report – March 2024

Spring is here…well almost…but clocks have sprung forward already, so it’s close. Last month, a couple of our indicators shifted downward a bit, but median price is still trending upward. Read on to learn more about what we saw here in the Jackson GA real estate market in February 2024.

Days on Market have Increased

In February, the median days on market for sold homes in Jackson increased from 13 days to 16 days, bringing us back up to the same median we had in December. If days on market continue to inch upward in this way, it could signal a shift toward a more buyer friendly market. In the current market, sellers who have a strategic pricing and marketing plan are still in the best position to maximize the return on their investment in their homes.

Number of Properties Sold has Decreased

Jackson had 17 closed home sales in February, down 2 from the 19 closed sales seen in January. This decrease in closed sales is another indicator that the market may be shifting toward a more balanced & buyer friendly environment. However, there is still an opportunity for properly positioned homes to stand out among the competition to attract motivated buyers looking to purchase right now. 

Median Sale Price has Increased

Despite the above statistics favoring buyers, the median sale price for February 2024 in Jackson increased to $286k from just $261k in January. This is still down from the 12 month high of $350k we saw in November 2023, but a positive sign for sellers nonetheless. As it stands right now, November’s median was an outlier and not an indication of an emerging trend. It’s important for sellers to keep informed of these shifts and have a strategic marketing plan to maximize their sale price and sell in the fewest days possible.

Need more info? Wondering how these numbers might impact your unique situation? Give me a call! I’d be glad to chat & answer any questions you might have. 770-630-8394